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Shanghai rises: Could China’s housing crash cause a global financial crisis?
Season 1
Episode 1050
Published 2 years, 7 months ago
Description
China’s home ownership bubble is less bursting and more deflating. As property company Evergrande announces $81bn of debt, why is this crisis slipping under the radar? Giving you the latest on this emerging economic disaster, Alex Andreou is joined by Cindy Yu, host of acclaimed podcast Chinese Whispers and assistant editor at the Spectator to explore how the economic crisis in China will impact the world.
- “Home ownership from China came about incredibly quickly.”
- “Property developers buy land from local governments, which has a knock-on effect on debt.”
- “It sounds bizarre in a country undergoing inflation, but China’s deflation crisis is very worrying.”
Written and presented by Alex Andreou. Producers: Liam Tait and Kasia Tomasiewicz. Audio editor: Robin Leeburn. Music by Kenny Dickinson. Managing editor: Jacob Jarvis. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.
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